Enova International Inc’s Stock Surges Past Analyst Target, Signals Investor Opportunity
In recent trading, shares of Enova International Inc (Symbol: ENVA) have exceeded the average analyst 12-month target price of $103.43, currently priced at $104.74 per share. When a stock surpasses an analyst’s set target, they are typically faced with two choices: downgrade due to valuation, or raise their target price based on positive developments. The analyst’s decision may vary depending on the business conditions that led to the stock price increase.
The average price target for Enova International Inc comes from contributions by seven different analysts within the Zacks coverage universe. It’s essential to note that this average represents a collection of perspectives rather than a single expert opinion. For instance, one analyst has set a target as low as $83.00, while another predicts it could reach $110.00, leading to a standard deviation of $10.26.
The average target serves as a “wisdom of crowds” approach, combining insights from multiple analysts. With ENVA breaking above the target price of $103.43 per share, investors are encouraged to evaluate the company’s potential carefully. Is $103.43 a stepping stone to an even higher price, or does it indicate that it’s time to consider taking some profits? The following table summarizes the current ratings from analysts covering Enova International Inc:
| Recent ENVA Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 5 | 4 | 4 | 5 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 2 | 2 | 2 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.57 | 1.67 | 1.67 | 1.33 |
The average rating presented in the last row of the above table operates on a scale from 1 to 5, with 1 being a Strong Buy and 5 representing a Strong Sell. This report utilized data provided by Zacks Investment Research via Quandl.com. Investors can access the latest Zacks research report on ENVA — FREE.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
